Form 4: DoubleVerify CFO Nicola T. Allais Executes Stock Option Exercises and Sales
SEC Form 4 Filing
Nicola T. Allais, CFO of DoubleVerify Holdings, Inc., executed stock option exercises and sales of common stock on October 22 and 23, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On October 22 and 23, 2024, Nicola T. Allais, the CFO of DoubleVerify Holdings, Inc., engaged in transactions involving the company's common stock.
- These transactions included the exercise of stock options and the subsequent sale of shares.
- The exercises were related to non-qualified stock options granted on January 4, 2018, which fully vested on November 6, 2021.
- The sales were executed under a Rule 10b5-1 trading plan adopted on November 14, 2023.
- On both days, 1,764 shares were acquired through option exercise at a price of $2.01 per share and then sold.
- The sale prices were $17.2508 and $16.4123 on October 22 and 23, respectively, with individual transactions varying within ranges of $17.245 to $17.29 and $16.36 to $16.45.
- Following these transactions, Allais directly owns 81,598 shares of common stock and holds options for 305,456 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing insider transactions, which is neutral in sentiment. It doesn't provide any information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a change in the company's outlook or performance. It reflects the CFO's personal financial management under a pre-arranged trading plan.
Comparison to Industry Standards
- Insider transactions are common across publicly traded companies and are governed by SEC regulations.
- The use of Rule 10b5-1 trading plans is a standard practice to avoid accusations of insider trading, as it allows insiders to sell shares at predetermined times and prices.
- Comparable companies such as Integral Ad Science (IAS) and Comscore (SCOR) also have similar filings related to insider transactions.
Key Dates
| Date | Description |
|---|---|
| 2018-01-04 | Non-qualified stock options granted to Nicola T. Allais. |
| 2018-11-06 | 25% of stock options vested. |
| 2021-11-06 | Stock options fully vested. |
| 2023-11-14 | Rule 10b5-1 trading plan adopted by Nicola T. Allais. |
| 2024-10-22 | Stock option exercise and sale of shares by Nicola T. Allais. |
| 2024-10-23 | Stock option exercise and sale of shares by Nicola T. Allais. |
| 2024-10-24 | Date of Form 4 filing. |
| 2028-01-04 | Expiration date of options. |
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